They might not have as high coin price or as large a market cap, but they can still be grossly over-valued.
As I mentioned in my post though, because the way the alt-coin markets are structured - with Tether and BTC trading pairs, any problem with those currencies will hit the alt-coins hard. What we need is more diverse and decentralised exchanges and more trading pairs against fiat and other top 10 coins. Diversity is strength and it's probably one of the next big infrastructure improvements we need to see in the crypto space over coming years.
i think cryptocurrency is more like a collectible iteam lesser the iteams out thr more people will try to grab it.....so what u said can be true that they could be overrated.....but still it wont change the fact that rich people r holding most of currency and they wont b willing to sell it for cheap
They are not as high as bit coin though... but someday they might be as valueable as bitcoin but m pretty sure that they wont go down
They might not have as high coin price or as large a market cap, but they can still be grossly over-valued.
As I mentioned in my post though, because the way the alt-coin markets are structured - with Tether and BTC trading pairs, any problem with those currencies will hit the alt-coins hard. What we need is more diverse and decentralised exchanges and more trading pairs against fiat and other top 10 coins. Diversity is strength and it's probably one of the next big infrastructure improvements we need to see in the crypto space over coming years.
i think cryptocurrency is more like a collectible iteam lesser the iteams out thr more people will try to grab it.....so what u said can be true that they could be overrated.....but still it wont change the fact that rich people r holding most of currency and they wont b willing to sell it for cheap
I don’t see it that way at all. Crypto must have real world utility and do something better than existing tools and systems in the non-crypto world.
Any crypto that doesn’t do that is destined to be a fad and left in the dustbin of history in my opinion….and that includes Bitcoin!
true that....Thanks for sharing ur thoughts...ur posts are really nice